Pai Lung Quickens Customer Response Time with PTC Product Development System(R).- Leading Knitting Machine knitting machine Machine for textile and garment production. Flatbed machines may be hand-operated or power-driven, and, by selection of colour, type of stitch, cam design, and Jacquard device (see Jacquard loom), almost unlimited variety is possible. Manufacturer Leverages Pro/ENGINEER[R] and Windchill[R] to Improve Design Collaboration and Manage Data Control- NEEDHAM, Mass. -- PTC (PTC, Needham, MA, www.ptc.com) Long a world leader in mechanical computer-aided design, manufacturing and engineering software, PTC, through acquisitions and reorganization, has transformed itself into a leading provider of Internet-based B2B solutions for discrete manufacturers. (Nasdaq: PMTC PMTC Prevention of Mother to Child Transmission (of HIV/AIDS) PMTC Pacific Missile Test Center PMTC Professional Multimedia Test Center ), the Product Development Company[R], today announced that Pai Lung Machinery Mill Co., Ltd, one of the world's leading circular knitting Circular knitting or knitting in the round is a form of knitting that creates a seamless tube. When knitting circularly, the knitting is cast on and the circle of stitches is joined. Knitting is worked in rounds (the equivalent of rows in flat knitting) in a spiral. machine manufacturers and one of the fastest growing companies in the textile machinery industry, implemented the PTC[R] Product Development System (PDS (1) (Processor Direct Slot) A single expansion slot on certain, early Macintosh models that was used to connect high-speed peripherals as well as additional CPUs. Providing a channel directly to the CPU, the PDS coexisted with NuBus slots on some models. ), including PTC Pro/ENGINEER[R] and PTC Windchill[R], as its collaborative product development Collaborative Product Development (Collaborative Product Design) (CPD) is a business strategy, work process and collection of software applications that facilitates different organizations to work together on the development of a product. platform. With the PDS, Pai Lung's design team has been able to minimize repeated efforts and interpretation errors, increase its design capabilities and manufacturing efficiencies as well as dramatically reduce overall product development time. Pai Lung, headquartered in Taiwan, designs and manufactures comprehensive, cutting-edge knitting machines that cater to the needs of customers in over 70 countries around the world. Pai Lung began their product development technology evaluation to improve its response time for a growing number of customers in an increasingly competitive textile industry. After completing this evaluation of leading solutions, Pai Lung decided to adopt Pro/ENGINEER as its 3D MCAD MCAD Microsoft Certified Application Developer MCAD Mechanical Computer Aided Design MCAD Medium-Chain Acyl-CoA Dehydrogenase (inherited metabolic disease) MCAD Minneapolis College of Art and Design solution for product design, and Windchill for content and process management. With the PTC Product Development System in place, Pai Lung successfully streamlined its design and purchasing process Purchasing Purchasing is the formal process of buying goods and services. The Purchasing Process can vary from one organization to another but there are some key elements that are common throughout The process usually starts with a 'Demand' or requirements , cut parts purchasing process from 1 day to 1 hour and key component design time from 2 days to 20 minutes. "With the collaborative platform formed by PTC's PDS, we are able to create 3D designs and deliver design-to-order services to customers and, as a result, reduce product development time dramatically," expressed Makoto Du, design manager, Pai Lung. "Now, our design team can collaborate with customers to create new textile designs using 3D simulation to determine the actual production viability of each design. In the end this improves both productivity and overall efficiency of the product design process." "Most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , because Pai Lung's collaborative platform is based on Windchill and is well integrated with our ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. , SCM (1) (Software Configuration Management, Source Code Management) See configuration management. (2) See supply chain management. and database systems, our customer service staff is able to respond to our customers in minutes instead of days," added Mr. Du. "We are proud to provide great product development solutions for Pai Lung to help advance its customer satisfaction programs," said Brian Shepherd, divisional vice president, product management, PTC. "Pro/ENGINEER delivers significant time-savings and higher levels of design quality for Pai Lung while Windchill powers Pai Lung's initiative to deliver custom services to its customers around the world, around the clock." With the PTC Product Development System powered by Pro/ENGINEER and Windchill, Pai Lung has been able to establish a collaborative value chain in the textile field. This has significantly improved customer satisfaction, which has helped Pai Lung to become the world's third largest circular knitting machine manufacturer. About Pai Lung Since its establishment in 1977, Pai Lung Machinery Mill Co., LTD. is one of the world's leading circular knitting machine manufacturers and the fastest growing company in the textile machinery industry. The company designs and manufactures comprehensive cutting-edge knitting machines, catering to the needs of customers located in over 70 countries around the world. Pai Lung's product lines include ordinary single, double, rib-mesh, terry and velour knitting machines, jacquard knitting machines, and also computerized knitting machines. Pai Lung is one of the few knitting machine manufacturer to boast a flexible digital computer-controlled manufacturing system and also a fully automated warehousing system an arrangement for lodging imported articles in the customhouse stores, without payment of duties until they are taken out for home consumption. If reëxported, they are not charged with a duty. See a. os> See also: Warehousing to ensure the smoothest production process. About PTC PTC (Nasdaq: PMTC) provides leading product lifecycle Product lifecycle or product life cycle is the course of a product's sales and profits over time. The five stages of each product lifecycle are product development, introduction, growth, maturity and decline. management (PLM (Product Life cycle Management) A comprehensive information system that coordinates all aspects of a product from initial concept to its eventual retirement. Sometimes called the "digital backbone" of a product, it includes the requirements phase, analysis and design ), content management and dynamic publishing solutions to more than 40,000 companies worldwide. PTC customers include the world's most innovative companies in manufacturing, publishing, services, government and life sciences industries. PTC is included in the S&P Midcap 400 and Russell 2000 indices. For more information on PTC, please visit http://www.ptc.com. Except for the historical information contained herein, matters discussed in this news release may constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include: the successful development and integration of the technology necessary to offer an integrated and flexible product development system solutions that is able to adequately respond to the evolving requirements of customers in multiple vertical industries; PTC's ability to extend our solutions and provide adequately levels of support, to vertical industries beyond the discreet manufacturing verticals traditionally served by PTC; and PTC's ability to retain and maintain relationships with key employees, customers and other strategic partners, including those within markets and vertical industries with which PTC has little experience; as well as other risks and uncertainties detailed from time to time in reports filed by PTC with the Securities and Exchange Commission, including the Company's most recent reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and 10-Q. The announcement of any particular selection of PTC products is not necessarily indicative of the timing of recognition of revenue there from or the level of revenue for any particular period. Use of the terms "partner", "alliance" or similar terms herein refers solely to the spirit of cooperation between the and does not describe or create a legal partnership, joint venture or any responsibility by one party for the actions of the other. PTC and its logo, The Product Development Company, Pro/ENGINEER, Windchill, and all PTC product names and logos are trademarks or registered trademarks of Parametric Technology Corporate or its subsidiaries in the United States and in other countries. |
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